Cross Lake reviews program
Cross Lake Minerals (CRN-V) has completed the final three holes of a 6-hole drilling campaign at its Sheraton-Timmins polymetallic property near Timmins, Ont.Though all three failed to intersect signi…
News
Troubles halt McClean Lake
The Atomic Energy Control Board’s decision to defer approval of a tailings management facility at the McClean Lake uranium project in northern Saskatchewan has caused project operator Cogema Resources…
Golden Knight, Repadre Capital tie knot
An agreement between Golden Knight Resources (GKR-T) and Repadre Capital (RPD-T) sets the stage for their consolidation.The proposed merger would see one share of Golden Knight exchanged for 0.125 of …
PRODUCER & DEALER PRICES (January 25, 1999)
Aluminium: LME settlements US$1,220, alloy US$1,021 per tonne (Jan. 19/99).Antimony: Representative mid-market US$1,170 per tonne (Jan. 19/99).Bismuth: Representative mid-market US$3.05 per lb. (Jan. …
DIAMOND PAGE — SouthernEra writes off alluvial operations
Toronto-based SouthernEra Resources (SUF-T) has ceased operations at the Lou and Cassanguidi alluvial diamond concessions in Angola’s Lunde Norte province.Both projects have been rendered marginal, ow…
Breakwater restarts El Toqui
Following an 18-month shutdown for modifications, Breakwater Resources (BWR-T) has resumed milling at its El Toqui mine in southern Chile.The Toronto-based company says modifications to the processing…
Gold’s future impossible to predict — Long shots for increase include dismal greenback, bad banks
Anyone counting on a resurgence in the price of gold in 1999 may want to reconsider. London-based research firm Gold Fields Mineral Services predicts the yellow metal will continue to trade between US…
LME WHSE
Metal stocks (in tonnes) held in London Metal Exchange warehouses at Jan. 19/99 (change from Jan. 12 in brackets):MetalStocks (tonnes)Change…
DIAMOND PAGE — CORRECTION (January 25, 1999)
A report in our Dec. 28/98-Jan. 3/99 issue included incorrect information on the ownership of the Rosia Montana property in Bulgaria.The property is wholly owned by Bulgarian-based Euro Gold. Gabriel …
Chapter closes on Crown Butte saga
The fate of the controversial New World project in Montana and its owner, Crown Butte Resources, was sealed last year by the personal intervention of American President Bill Clinton and Vice-President…
IGCP plans tour of Uzbekistan
The International Geological Correlation Project is offering a trip to the copper-gold-silver deposits of Uzbekistan from Aug. 27 to Sept. 3.Stops on the tour include the state-owned Daughyz open-pit …
Energold drilling at Longyear
Energold Mining (EGD-V) has begun a first phase of drilling at its Longyear concession in the Dominican Republic.The program is designed to test the oxide gold potential of a northwesterly trending, 3…